Pension Administrator

5 months ago


Waterloo, Canada Union Benefits Full time

Union Benefits is Canada's only third-party administration company owned and built by the union trust funds we work for.

For 40 years, Union Benefits has been leading the way when it comes to supporting multi-employer union trusts in Canada. We deliver innovative and market-leading member pension, health benefit, vacation pay, supplementary unemployment benefit, and productivity bonus plans programs and services on an "at-cost" basis for our clients

At Union Benefits, our purpose is to support the health, wellness, and financial well-being of our union members and their families. The Pension Administrator supports this purpose by working closely with Member Services and Trust Management colleagues to support effective day-to-day adminstration operations and providing excellent member experience when addressing and managing Pension-related queries and actions.

**Primary Duties are, but not limited to**:

- Day-to-day administration activities in support of both Defined Benefit and Defined Contribution Pension Plans as well as Group RRSP plans.
- Communicate and coordinate with members, Union representatives, Actuaries, Auditors regarding benefit entitlements, data, administration, and interpretations of Plan Provisions.
- Maintain up to date records for members.
- Work directly with Plan Sponsors and Insurance Carriers to maintain smooth plan operation including overseeing changes to existing plans and implementing new plans.
- Determine entitlements of death, retirement, termination, and marriage breakdown, shortened life expectancy in accordance with specific Plan Provisions, government legislation requirements.
- Work with Actuarial firm to facilitate pension requests and process appropriate paperwork.
- Work with Actuarial firm to provide member data required for valuations and member statements.
- Keeping apprised of new legislation and updating applicable forms and communicating to relevant parties.
- Good working knowledge of the FSRA portal and the Ontario Pension Benefits Act.
- Filing of all pension plan amendments including but not limited to Plan Texts, SIP&P etc.
- Ensuring that all documents are compliant and up to date including but not limited to Plan Texts, Plan Booklets, etc.
- Ensuring that all process and procedures are in place to ensure the Pension Plans are compliant in every way including but not limited to missing members, booklets etc.
- Complete compliance reporting including Annual Information Returns, financial statements, etc.
- Generate pension plan activity reports to support regular Plan Sponsor servicing meetings.
- Prepare monthly contribution files for electronic uploading to banks and insurance carriers.

**Education, Skills, and Experience**:

- 3+ years pension administration experience; exposure to the multi-employer Union Local environment a plus
- Good understanding of applicable provincial and federal pension legislation
- Working knowledge of pension administration processes and DB/DC plan design features
- Demonstrated ability to organize and prioritize workload to meet strict timelines and work effectively within a team and independently.
- Excellent verbal and written communication skills to confidently interact with all levels of the organization, members, and plan sponsors
- Strong analytical skills
- Working knowledge of Microsoft Office software suite

Please note that our employees are currently working in a hybrid format. The training period for this position is in-office; upon completion of the training period, the employee can take part in the hybrid working format.

If you want to work in a positive, challenging, and safe environment where your contributions are valued, please send us your resume

Union Benefits is committed to creating an accessible environment for our employees and potential employees; we will attempt to make appropriate accommodations throughout the entire recruitment process. If you require accommodation, please advise us.

**Salary**: From $41,000.00 per year

**Benefits**:

- Casual dress
- Company events
- Company pension
- Dental care
- Extended health care
- Life insurance
- On-site parking
- Paid time off
- RRSP match
- Vision care
- Work from home

Schedule:

- 8 hour shift
- Day shift
- Monday to Friday

Supplemental pay types:

- Bonus pay

COVID-19 considerations:
We are following all public health requirements.

Ability to commute/relocate:

- Waterloo, ON N2V 2C9: reliably commute or plan to relocate before starting work (preferred)

**Experience**:

- pension administration: 3 years (required)

Work Location: Hybrid remote in Waterloo, ON N2V 2C9


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